South Korea plans to provide 17 trillion won in low-interest loans for semiconductor industry investment, as part of President Yoon's support package.
South Korea plans to provide 17 trillion won ($12.22bn) in low-interest loans next month for corporate investment in the semiconductor industry, as part of President Yoon Suk Yeol's 26 trillion won support package. This is aimed at bolstering the industry amid global competition. The government also plans to extend the tax credit scheme for national strategic technologies and invest 5 trillion won in R&D talent for the chip segment between 2025-2027.
June 26, 2024
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